The London-based St. Paul Institute, the cathedral's working group on the subject of financial services' ethics, just released a report on City workers' ethics that it commissioned from the market research company ComRes.

(Most) bankers really do work in finance for the money.

But even they agree that City workers earn too much of it. Especially overpaid are their peers in the financial sector who earn more.

But they believe they are adding value to the economy - and that they aren't given credit for it. However some of that value might be misplaced, as they say other parts of the UK rely too much on them.

4 = Strongly agree. 1 = Strongly disagree.

Does making more money destroy your moral compass? City workers are pretty torn.

Does deregulation have a negative effect on ethical behavior? There is more agreement that yes, it does.

There's another cry for more regulation in their answers to this question. Looks like despite reform attempts, most City workers believe that pay still provides an incentive for an individual to take bigger risks in the short term.

4 = Strongly agree. 1 = Strongly disagree.

About the same number of people agree that that pay incentivizes ethical behavior. But they're less sure that ethical behavior is good for shareholders.

4 = Strongly agree. 1 = Strongly disagree.

... And most cite returning value to shareholders as the thing that should be City workers' #1 priority.